ORDINANCE NO. 180166
Estimating and appropriating
$3,500,000.00 from the Unappropriated Fund Balance of the Central City Sales
Tax; designating requisitioning authority; and recognizing an accelerated
effective date.
WHEREAS,
Ordinance No. 160861 put before the voters the question of enacting an economic
development sales tax devoted to projects located within the area bounded by
9th Street on the north, Gregory Boulevard on the south, The Paseo on the west,
and Indiana Avenue on the east, which may include the retirement of debt under
previously authorized bonded indebtedness or to repay bonds not yet issued; and
WHEREAS, in a
Special Election called on April 4, 2017, the voters of the City of Kansas
City, Missouri approved Question 4 allowing the City of Kansas City to impose a
sales tax of 1/8 percent to be used for funding economic development projects
within the above defined area; and
WHEREAS, this
ordinance will provide funding for the eligible project and programming
activities including two positions to manage operations; and
WHEREAS, the
Program Administrator position will provide supervisory and management services
for all projects and programs and the additional position will assist the
Program Administrator with office management, website content, and community
and neighborhood outreach; NOW, THEREFORE,
BE IT ORDAINED
BY THE COUNCIL OF KANSAS CITY:
Section 1. That
revenues are hereby estimated in the Central City Economic Development Sales
Tax Fund in the following account:
18-2200-120000-451100 Central
City Sales Tax $3,500,000.00
Section 2. That
$3,500,000 is appropriated from the unappropriated fund balance of the Central
City Economic Development Sales Tax Fund in the following
accounts:
18-2200-642047-A Central
City Sales Tax $ 30,956.00
18-2200-642047-B Central
City Sales Tax 3,457,044.00
18-2200-642047-C Central
City Sales Tax 12,000.00
TOTAL $3,500,000.00
Section 3. That
the Director of City Planning and Development is designated requisitioning
authority for Account No. 18-2200-642047.
Section 4. That
this ordinance is recognized as an ordinance with an accelerated effective date
as provided by Section 503(a)(3)(C) of the City Charter in that it appropriates
money, and shall take effect in accordance with that section.
_____________________________________________
I hereby certify that
there is a balance, otherwise unencumbered, to the credit of the appropriation
to which the foregoing expenditure is to be charged, and a cash balance,
otherwise unencumbered, in the treasury, to the credit of the fund from which
payment is to be made, each sufficient to meet the obligation hereby incurred.
___________________________________
Randall
J. Landes
Director
of Finance
Approved
as to form and legality:
___________________________________
Katherine
Chandler
Assistant City Attorney